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Capitol Report: Thanks … Obama? Foreign firms slash U.S. ‘investment’ in 2016

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Irish “investment” in the U.S. fell sharply in 2016 after new rules cracked down on corporations seeking tax havens.

Foreign businesses invested 15% less in the United States last year, but it’s not a sign America has suddenly become a less attractive place to invest.

Direct foreign investment in the U.S. fell to $373.4 billion in 2016 from $439.6 billion in the prior year, the Bureau of Economic Analysis said Wednesday.

The slowdown in foreign investment largely reflects a crackdown by the outgoing Obama administration on American companies seeking to move their headquarters outside the country to escape high U.S.

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